Flood protection and insurance benefits in the event of floods - a financial expert provides answers.

Flood protection and insurance benefits in the event of floods - a financial expert provides answers.

According to a report from www.welt.de, "the number of floods in Germany has increased sharply in recent years. Due to heavy rain events in particular, not only regions near rivers, but also areas that are not in valleys or on bodies of water were affected by floods. This led to enormous damage to buildings and apartments. The question of how one can protect oneself financially and structurally from flood damage is therefore of great importance.

The impact on the real estate market in the affected regions could be significant. Demand for properties in flood zones may decline as potential buyers and renters consider the risk of flood damage. This could lead to a decline in property prices in these regions. In addition, insurance companies could adjust their policies and increase premiums for flood protection measures. This, in turn, would increase costs for property owners and reduce the attractiveness of properties in vulnerable areas.

It is expected that the need for structural protection measures such as backflow valves, waterproof basement windows and doors and drainage systems will increase. This could create a new market for construction companies and flood protection specialists, allowing this industry to benefit from flood damage.

Overall, it is important that property owners and potential buyers are aware that flood damage can occur even in areas previously considered safe. Risk mitigation measures and well-designed insurance policies are therefore essential to minimize the impact of floods on the property market.